Forafric Global PLC (AFRI) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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AFRI Revenue Growth
Revenue Breakdown (FY 2024)
AFRI's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
AFRI Revenue Analysis (2019–2024)
As of May 8, 2026, Forafric Global PLC (AFRI) generated trailing twelve-month (TTM) revenue of $325.1 million, reflecting strong growth of +13.5% year-over-year. The most recent quarter (Q2 2024) recorded $82.6 million in revenue, up 0.0% sequentially.
Looking at the longer-term picture, AFRI's 5-year compound annual growth rate (CAGR) stands at +8.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $305.5 million in 2023.
Revenue diversification analysis shows AFRI's business is primarily driven by All Other (100%). With over half of revenue concentrated in All Other, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including FLWS (-9.5% YoY), INGR (-2.8% YoY), and SMPL (+6.3% YoY), AFRI has outperformed the peer group in terms of revenue growth. Compare AFRI vs FLWS →
AFRI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AFRICurrent | $325M | +13.5% | +8.4% | -2.8% | |
 FLWS | $1.7B | -9.5% | +2.5% | -12.2% | |
 INGR | $7.2B | -2.8% | +3.8% | 14.4% | |
 SMPL | $1.5B | +6.3% | +12.2% | 15.1% | |
 HAIN | $1.6B | -9.5% | -5.4% | -29.6% | |
 ANDE | $11.0B | -2.0% | +6.4% | 1.2% |
AFRI Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $274.2M | -10.2% | $27.3M | 10.0% | $-7,761,000 | -2.8% |
| 2023 | $305.5M | +5.4% | $30.4M | 10.0% | $1.1M | 0.4% |
| 2022 | $289.8M | +10.7% | $29.2M | 10.1% | $2.3M | 0.8% |
| 2021 | $261.7M | +33.1% | $42.4M | 16.2% | $3.4M | 1.3% |
| 2020 | $196.6M | +7.3% | $40.4M | 20.6% | $9.9M | 5.0% |
| 2019 | $183.2M | - | $35.7M | 19.5% | $4.0M | 2.2% |
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Start ComparisonAFRI — Frequently Asked Questions
Quick answers to the most common questions about buying AFRI stock.
Is AFRI's revenue growth accelerating or slowing?
AFRI maintains +13.5% revenue growth, in line with its 5-year CAGR of +8.4%. TTM revenue stands at $325M. Growth rate remains consistent with historical average.
What is AFRI's long-term revenue growth rate?
Forafric Global PLC's 5-year revenue CAGR of +8.4% reflects the sustained expansion pattern. Current YoY growth of +13.5% is near this long-term average.
How is AFRI's revenue distributed by segment?
AFRI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.